Elim property guide

When homeowners decide to sell their property, one important question arises: should you buy a new home before selling your current one, or sell first and then buy? This decision depends on various factors, such as whether you’re moving locally or to another province or country, whether you have children in school, and the need for a deposit.

Migration to the Western Cape has by far surpassed movement to other provinces in recent years, which is clearly evidenced by Lightstone figures that show that last year, 6406 households from other regions bought property in the province, more than three times as many as the next highest of 1971 in Gauteng.

In the pursuit of homeownership, the dream of securing a home loan is a crucial step. However, the path to approval is not always smooth, and potential borrowers often find themselves facing rejection. We take a look at several factors that can lead to a home loan application being turned down, which further highlights the importance of meticulous preparation before approaching lenders.